Daily Afternoon Report & Daily Technical Levels 29/10/2015

Daily Afternoon Report 29.10.2015

The U.S. dollar was almost unchanged against its Canadian counterpart on Thursday, after the release of disappointing U.S. economic growth data, while expectations for a U.S. rate hike before the end of the year lent support to the greenback. USD/CAD hit 1.3238 during early U.S. trade, the session high; the pair subsequently consolidated at 1.3199. The pair was likely to find support at 1.3085, Wednesday’s low and resistance at 1.3334, the high of October 1. The Commerce Department said U.S. gross domestic product grew at an annual rate of 1.5% in the three months to September, missing expectations for growth of 1.6%. The U.S. economy grew 3.9% in the previous quarter. Separately, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending October 24 increased by 1,000 to 260,000 from the previous week’s total of 259,000. Analysts had expected jobless claims to rise by 4,000 to 263,000. The greenback had strengthened broadly after Wednesday’s Federal Reserve statement said that officials might make a decision to raise interest rates at their December meeting. The central bank kept rates on hold at its September meeting amid fears that a China-led slowdown in global growth could affect the U.S. economy. The loonie was lower against the euro, with EUR/CAD edging up 0.10% to 1.4425. The single currency found some support after data earlier showed that the number of unemployed people in Germany decreased by 5,000 this month, better than expectations for a drop of 4,000.

 

29.10.2015 – 16:35 GMT+2

Daily Technical Levels

EUR/USD

GBP/USD

USD/JPY

AUD/USD

USD/CAD

USD/CHF

R3:

1,1048

1,5382

121,72

0,7175

1,3216

0,9963

R2:

1,1013

1,5347

121,37

0,7140

1,3181

0,9928

R1:

1,0988

1,5322

121,12

0,7115

1,3156

0,9903

S1:

1,0958

1,5292

120,82

0,7085

1,3126

0,9873

S2:

1,0933

1,5267

120,57

0,7060

1,3101

0,9848

S3:

1,0898

1,5232

120,22

0,7025

1,3066

0,9813